HomeMy WebLinkAboutCity of Tamarac Resolution R-2001-3241
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Temp. Reso. #9553
October 31, 2001
Page 1
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2001-324
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF TAMARAC, FLORIDA,
AUTHORIZING THE APPROPRIATE CITY
OFFICIALS TO APPROVE THE RENEWAL OF
BASIC LIFE INSURANCE AND ACCIDENTAL
DEATH & DISMEMBERMENT COVERAGE WITH
METROPOLITAN LIFE INSURANCE COMPANY
AT THE PRESENT RATE THE CITY PAYS FOR
BASIC LIFE INSURANCE AND ACCIDENTAL
DEATH & DISMEMBERMENT INSURANCE
COVERAGE EFFECTIVE JANUARY 1, 2002;
PROVIDING FOR THE CONTINUATION OF THE
EXISTING COST ALLOCATION OF THE BASIC
LIFE INSURANCE AND ACCIDENTAL DEATH &
DISMEMBERMENT INSURANCE PREMIUM
BETWEEN THE CITY AND EMPLOYEES;
APPROVING THE APPROPRIATE BUDGETARY
TRANSFERS OF FUNDS; PROVIDING FOR
CONFLICTS; PROVIDING FOR SEVERABILITY;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the basic life insurance and accidental death and
dismemberment coverage was awarded to Metropolitan Life Insurance Company
on December 1, 1990 and is scheduled to expire on December 31, 2001; and
WHEREAS, Metropolitan Life Insurance Company has indicated its desire
to renew basic life insurance and accidental death and dismemberment coverage
for the City of Tamarac as indicated in the letter dated September 5, 2001, which
is attached hereto as Exhibit #1; and
Temp. Reso. #9553
October 31, 2001
Page 2
WHEREAS, the rates for basic life insurance coverage will remain the
same at $.36 per month per $1,000 this renewal period, January 1, 2002 through
December 31, 2002; and
WHEREAS, the rates for accidental death and dismemberment coverage
will remain the same at $.05 per month per $1,000 this renewal period,
January 1, 2002 through December 31, 2002; and
WHEREAS, there will be no change in the various rates that retirees pay
for basic life insurance or accidental death & dismemberment coverage
effective this renewal period, January 1, 2002 through December 31, 2002; and
WHEREAS, the Personnel Director recommends the renewal of the basic
life insurance and the accidental death & dismemberment coverage with no
increase in premium rates effective this renewal period, January 1, 2002
through December 31, 2002; and
WHEREAS, available funds exist in the appropriate funds which are in
the approved FY2002 Budget; and
WHEREAS, the City Commission has deemed it to be in the best interest
of the citizens and residents of the City of Tamarac to provide basic life
insurance and accidental death and dismemberment benefits for City
employees.
Temp. Reso. #9553
October 31, 2001
Page 3
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA:
SECTION 1: The foregoing "WHEREAS" clauses are hereby
ratified and confirmed as being true and correct and are hereby made a specific
part of this Resolution.
SECTION 2: That the appropriate City officials are hereby
authorized to approve the renewal of Metropolitan Life Insurance Company as
the City's carrier for basic life insurance and accidental death &
dismemberment coverage for City of Tamarac employees with no increase in
premium rates effective this renewal period, January 1, 2002 through
December 31, 2002.
SECTION 3: That the appropriate City officials are hereby
authorized to continue the existing cost allocation of the basic life insurance
and accidental death & dismemberment premium between the City and the
employees.
SECTION 4: That the appropriate City officials are authorized to
enact appropriate budget transfers as needed for this purpose.
SECTION 5: That all resolutions or parts of resolutions in conflict
herewith are hereby repealed to the extent of such conflict.
SECTION 6: That if any clause, section, or other part or
application of this Resolution is held by any court of competent jurisdiction to be
unconstitutional or invalid, in part or application, it shall not affect the validity of
the remaining portions or applications of this Resolution.
Temp. Reso. #9553
October 31, 2001
Page 4
SECTION 7: This Resolution shall become effective immediately
upon its passage and adoption.
PASSED, ADOPTED, AND APPROVED this 14th day of November, 2001.
ATTEST:
MARION-S ENSON, CMC
_CITY CLERK
have approved this
RESOLUTION as to form.
MITCHELL Sft
CITY ATTOR
I R R
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RECORD OF COMMISSION VOTE:
MAYOR SCHREIBER Alyea
DIST 1: COMM. PORTNER fly%_
DIST 2: COMM. MISHKIN Al ye,
DIST 3: V/M SULTANOF Aye,
DIST 4: COMM. ROBERTS A el
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Exhibit 1
Temp. Reso #9553
September 5, 2001
Kim Frisbie
City of Tamarac
7525 N.W. 88th Ave.
Tamarac, FL 33321
R�, City of Tamarac
Renewal-1/01/2002
Dear Kim Frisbie,
MetLif e""
MetLife appreciates the opportunity to be a part of your benefit program. This letter confirms your
renewal for the 2002 plan year.
I am pleased to advise you that the rates currently in effect will continue for the next plan year
commencing on 1/01/2002. In determining the rates for the plan year ahead, we have evaluated your plan
experience, taking into account the credibility of the experience and the demographics of your group. Our
objective in the renewal process is to identify rates which will maintain the overall financial stability of your
benefit program.
The rates currently in effect for your contract with MetLife are as follows:
Basic Life -- Active
Basic Life — Retiree 50 54
Basic Life — Retiree 55 — 69
Basic Life — Retiree 60 - 64
Basic Life Retiree 65 — 69
Basic Life — Retiree 70 — 74
Basic Life — Retiree 75 — 79
Basic Life — Retiree 80— 84
Accidental Death and Dismemberment
CurrenVRenewal Rate(s)
$.36
/ $1000
$.79
/ $1000
$1.29
/ $1000
$1.73
/ $1000
$2.68
/ $1000
$3.64
/ $1000
$5,83
/ $1000
$8.92
/ $1000
$.05
/ $1000
The rates shown above assume your existing plan design, contribution structure and group demographics
remain the same, I will follow up with you about our offer to guarantee rates through 12/31/2002. Please
do not hesitate to contact me at (727) 669-2314 if I may answer any questions or assist in any way.
Once again, thank you for the privilege you have extended to us. You are the reason we are in business.
We look forward to continuing our mutually beneficial relationship in the months and years ahead.
nicer 1,
uck Henderson
Client Executive
Life 1, Dental • Disability • Long Term Care - P&C• • Voluntary Products - Pensions - Investments - 401(k)
Metropolitan Life Insurance Company
New York, New York, 10010
1-00114XEL (exp 0302) MLIC-LD